Mayo Clinic, MN Series 2025A, 2025B Bonds Assigned 'AA' Rating; Outlook Is Stable - S&P Global Ratings’ Credit Research

Mayo Clinic, MN Series 2025A, 2025B Bonds Assigned 'AA' Rating; Outlook Is Stable

Mayo Clinic, MN Series 2025A, 2025B Bonds Assigned 'AA' Rating; Outlook Is Stable - S&P Global Ratings’ Credit Research
Mayo Clinic, MN Series 2025A, 2025B Bonds Assigned 'AA' Rating; Outlook Is Stable
Published Mar 24, 2025
2 pages (1351 words) — Published Mar 24, 2025
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

CHICAGO (S&P Global Ratings) March 24, 2025--S&P Global Ratings assigned its 'AA' long-term rating to the City of Rochester, Minn.'s $97.9 million series 2025A tax-exempt revenue bonds and $91.4 million series 2025B tax-exempt put bonds issued for Mayo Clinic, Minn. In addition, S&P Global Ratings affirmed its 'AA' long-term rating on various revenue bonds outstanding issued for Mayo Clinic. S&P Global Ratings also affirmed its 'AA/A-1+' and 'AA/A-1' dual ratings on Mayo Clinic's various variable-rate demand bonds (VRDBs). Mayo Clinic's VRDBs are supported either by the system's self-liquidity or by standby bond purchase agreements, which are rated either 'A-1' or 'A-1+'. The long-term component of all the dual ratings reflects our view of Mayo Clinic's credit quality. Finally, S&P Global

  
Brief Excerpt:

...March 24, 2025 CHICAGO (S&P Global Ratings) March 24, 2025--S&P Global Ratings assigned its '##' long-term rating to the City of Rochester, Minn.'s $97.9 million series 2025A tax-exempt revenue bonds and $91.4 million series 2025B tax-exempt put bonds issued for Mayo Clinic, Minn. In addition, S&P Global Ratings affirmed its '##' long-term rating on various revenue bonds outstanding issued for Mayo Clinic. S&P Global Ratings also affirmed its '##/A-1+' and '##/A-1' dual ratings on Mayo Clinic's various variable-rate demand bonds (VRDBs). Mayo Clinic's VRDBs are supported either by the system's self-liquidity or by standby bond purchase agreements, which are rated either 'A-1' or 'A-1+'. The long-term component of all the dual ratings reflects our view of Mayo Clinic's credit quality. Finally, S&P Global affirmed its '##' long-term rating on Industrial Development Authority of the City of Phoenix (IDA-Phoenix), Ariz.'s series 2024A tax-exempt and 2024B taxable revenue bonds issued for PAFAF...

  
Report Type:

Ratings Action

Issuer
Mayo Clinic
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Mayo Clinic, MN Series 2025A, 2025B Bonds Assigned 'AA' Rating; Outlook Is Stable" Mar 24, 2025. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Mayo-Clinic-MN-Series-2025A-2025B-Bonds-Assigned-AA-Rating-Outlook-Is-Stable-3342168>
  
APA:
S&P Global Ratings’ Credit Research. (). Mayo Clinic, MN Series 2025A, 2025B Bonds Assigned 'AA' Rating; Outlook Is Stable Mar 24, 2025. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Mayo-Clinic-MN-Series-2025A-2025B-Bonds-Assigned-AA-Rating-Outlook-Is-Stable-3342168>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.